Personal income increased in January, as employer optimism surrounding the recent tax bill made its way to consumers’ wallets. The 0.4% increase in January released […]
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Lack of housing supply continues to drive rising home prices
Home prices continued rising during the last month of 2017, but there are early signs they may begin to slow in the coming months. The […]
Housing Construction Carries Momentum into 2018
New residential construction started the year strong, providing another reason to believe in the overall strength of the economy. The annual rate of privately-owned housing […]
Higher Than Expected Inflation Fueled By Volatile Gas
Gas Pump photo by Michael Kappel, used under the Creative Commons’ Attribution-NonCommercial 2.0 Generic license. Higher gasoline and apparel prices pushed up inflation last month, but […]
Higher gas prices, lower auto sales put brakes on consumer spending
Retail sales shrunk in January, ending several months of consumer spending growth fueled by drawing down savings and going into debt. The Commerce department reported […]
NAFTA renegotiation may put jobs at risk
President Trump announced the renegotiation of the North American Free Trade Agreement [NAFTA] to congress this month. The agriculture industry will be the sector most […]
Retail Crisis Brings Up Memories of the Past
Stores going out of business is not unusual. What is unusual is the sheer amount of store closings by major retail chains in the past […]
Americans Ditch Food Places to Dine-in
Restaurants could be in trouble as their menu costs soar and grocery stores lower their prices. Over the past year, the consumer price index – […]
Construction Labor Costs Drive Home Prices Up, Pushing Buyers Out
Homebuilders are desperate to build more homes as demand accelerates across the country though they can’t because they simply do not have enough workers. The […]
Teenage Labor Force Participation Rate Declining
Five days a week Emma Wender wakes up at 5:45 a.m. After only a few hours of sleep she’s in her parent’s car, the sun […]